Digital Asset Completes Second Round of Canton Network Transactions with Financial Consortium

Digital Asset, in collaboration with a consortium of leading financial institutions including Bank of America, Societe Generale, and Tradeweb, has successfully completed a second series of transactions on the Canton Network. This initiative builds upon the initial on-chain US Treasury financing pilot conducted in July. The latest activity involved five coordinated transactions, marking a significant step towards creating a scalable, continuous capital markets infrastructure. The working group has expanded to include new members such as Brale and M1X Global, alongside existing partners like Circle, Citadel Securities, and Virtu Financial.

This second round focused on the Canton Network’s Global Collateral Network, demonstrating critical advancements in digital asset utility. Key developments included the use of multiple stablecoins, specifically SBC and USDM1, to broaden liquidity sources. Notably, the transactions demonstrated the first instance of real-time collateral reuse, allowing tokenised Treasuries to be rehypothecated across counterparties immediately to address operational inefficiencies found in traditional markets. Future phases aim to further advance these capabilities, with a specific focus on enabling cross-border transactions.

Digital Asset Secures Strategic Investment from BNY, iCapital, Nasdaq and S&P Global

Digital Asset has received a new strategic investment from major financial institutions, including BNY, iCapital, Nasdaq and S&P Global. This funding supports the continued development of the Canton Network, a privacy-enabled blockchain designed to facilitate the convergence of traditional finance and decentralised finance. The collaboration highlights a wider industry shift towards an “AllFi” future, combining the benefits of decentralisation with the legal certainty and regulatory compliance required by global markets.

The Canton Network serves as a public, permissionless Layer-1 blockchain offering institutional-grade compliance and configurable privacy. It currently underpins over $6 trillion in onchain real-world assets, with participation from more than 600 institutions. The platform supports a diverse set of financial use cases, including bonds, equities, money market funds, commodities and insurance products, positioning itself as a critical component of next-generation financial market infrastructure.

Kraken and Deutsche Börse Group Form Strategic Partnership to Bridge Digital and Traditional Markets

Kraken and Deutsche Börse Group have announced a strategic partnership designed to create unified access across traditional financial markets and the digital asset economy. Effective immediately, the collaboration will span trading, custody, settlement, and collateral management to serve institutional clients. In the first phase, Kraken will integrate with 360T, a Deutsche Börse subsidiary, to access bank-grade foreign exchange liquidity. This integration aims to improve the efficiency of fiat on- and off-ramps while ensuring institutional-grade execution.

The partnership also intends to utilise Kraken Embed to develop white-label solutions, allowing financial institutions in Europe and the US to offer secure crypto trading and custody. Subject to regulatory approval, the firms plan to make Eurex-listed derivatives available on Kraken and enable Deutsche Börse clients to trade cryptocurrencies via Crypto Finance. Additionally, the companies will collaborate on tokenised assets by integrating xStocks within the 360X ecosystem and distributing tokenised securities held at Clearstream to Kraken’s clients, effectively leveraging Deutsche Börse’s European infrastructure and Kraken’s US capabilities.

Deutsche Börse Group and AllUnity Sign MoU to Integrate Euro-Backed Stablecoin

Deutsche Börse Group and AllUnity have signed a Memorandum of Understanding to integrate AllUnity’s regulated euro-backed stablecoin, EURAU, into the Group’s financial infrastructure. AllUnity is a regulated e-money institute and joint venture between DWS, Flow Traders, and Galaxy. As part of this cooperation, the EURAU stablecoin will be made available for institutional-grade custody through Clearstream. This process will leverage the German entity of Crypto Finance, a subsidiary of Deutsche Börse Group, acting as the sub-custodian to ensure a secure operational framework.

The partnership aligns with the EU’s Markets in Crypto-Assets Regulation (MiCAR), providing a compliant and fully reserved solution for market participants. The collaboration aims to enhance settlement and liquidity processes while digitising European markets. Future phases of the cooperation intend to integrate the euro stablecoin across Deutsche Börse Group’s entire service portfolio. This initiative complements the Group’s broader digital strategy, which includes existing cryptocurrency services and recent trials involving wholesale central bank digital currencies (wCBDC) using its D7 DLT tokenisation solution.

Valereum Plc Secures $200m Financing to Advance US Listing and Platform Development

Valereum Plc has secured $200m in investment-grade asset-backed financing to support its global growth strategy. This transaction represents a significant milestone, being approximately ten times larger than any previous capital raise on the Aquis Exchange. The deal is expected to close within four weeks, subject to the completion of due diligence and regulatory verification. Upon closing, Valereum will announce a revised Board structure featuring two new directors appointed by QGP.

The UK-based fintech company will utilise the capital to bridge traditional finance with emerging blockchain technologies. A primary objective is to advance the process for a US listing on NASDAQ or NYSE, aiming to increase market visibility and global investor access. Furthermore, the funds will accelerate the development of Valereum’s AI-driven tokenisation and Royalty & Streaming platform, alongside the establishment of a Digital Asset Treasury to manage digital assets strategically. The Company also plans to pursue new acquisitions and partnerships to diversify revenue streams.

ClearToken Adopts Nasdaq Eqlipse Clearing for Launch of Digital Asset Settlement Service

ClearToken, the digital financial market infrastructure firm, has selected Nasdaq’s Eqlipse Clearing platform to underpin its new digital asset clearing and settlement service. The move supports ClearToken’s goal of modernising digital asset infrastructure through the introduction of CT Settle, a service designed to offer delivery-vs-payment (DvP) and netting capabilities for cryptoassets, stablecoins and fiat currencies. The launch follows ClearToken’s authorisation by the UK Financial Conduct Authority (FCA).

Currently, much of the digital asset market operates via bilateral, prefunded trades. ClearToken aims to reduce counterparty risk and operational inefficiencies by developing a central counterparty clearing house (CCP) model that supports multiple trading venues and custodians. The planned CCP will offer 24/7 real-time clearing with margining and default fund contributions to manage risk.

Nasdaq’s Eqlipse platform provides multi-asset clearing, risk, and settlement functionality, and is already used by more than 20 CCPs globally. Its flexible architecture and embedded AI tools support rapid onboarding and scalable operations.

Deutsche Börse Group and Societe Generale Partner to Accelerate Tokenised Cash Integration

Deutsche Börse Group, Societe Generale Group, and Societe Generale – FORGE (SG-FORGE) have signed a partnership agreement to speed up the integration of token-based cash solutions with existing financial market infrastructure. The collaboration aims to drive the adoption of stablecoins within European digital markets, with SG-FORGE’s CoinVertible stablecoin being key to this effort. The integration of CoinVertible as a payment and settlement instrument will bolster both groups’ digital strategies and complement Deutsche Börse Group’s current service offerings.

The initial phase of the partnership will focus on strengthening CoinVertible’s collateral management structure and its usability as a settlement instrument within Clearstream, the post-trade business of Deutsche Börse Group. This includes its application for securities processes, collateral management, and treasury functions. CoinVertible’s liquidity is also set to improve through a new listing on Deutsche Börse Group’s digital trading platforms.

Future steps involve jointly assessing the integration of both the EUR and USD CoinVertible stablecoins across Deutsche Börse Group’s entire service portfolio. This will broaden the use cases for robust, MiCA-compliant stablecoins, making them natively suitable for financial institutions and the wider cryptocurrency industry.

Franklin Templeton Expands Benji Technology Platform onto Canton Blockchain

The Canton Network has announced that Franklin Templeton is expanding its Benji Technology Platform onto the Canton Blockchain. This integration aims to provide global institutional clients with seamless access to tokenised investment products. The move expands the availability of regulated, tokenised financial instruments on the network, reinforcing Canton’s position as a key blockchain for institutions.

The Benji Technology Platform is Franklin Templeton’s proprietary system designed to manage token-based investments. Using this platform, Franklin Templeton launched the first U.S.-registered mutual fund using blockchain technology in 2021. The firm now offers several on-chain tokenised investment products for various use cases, including retail, institutional, and collateral.

This integration also creates new opportunities for Canton’s Global Collateral Network. Participants, such as QCP, intend to use the platform as a new source of liquidity. This development highlights Canton’s ability to support interconnected traditional finance and digital asset markets while adhering to institutional regulatory and privacy standards.

Avelacom and A-Field Tech Partner on Integrated Low Latency Solutions for APAC Trading Firms

Avelacom, the low latency network solutions provider, and A-Field Tech, the low-latency computing and cloud networking provider, have announced a strategic partnership, aiming to deliver fully integrated network and computing solutions to proprietary trading firms in the Asia-Pacific region, particularly those trading crypto.

By combining Avelacom’s optimised fibre and microwave networks with A-Field Tech’s edge computing nodes and cloud expertise, the partnership promises to reduce latency and to speed up data processing, factors critical for algorithmic trading in crypto markets.

tZERO Launches tZERO Connect to Offer API Access to Regulated Digital Asset Infrastructure

tZERO Group, Inc. has launched tZERO Connect, a new initiative providing institutions and fintech partners with direct, programmable API access. This connects partners to tZERO’s regulated infrastructure for digital securities and tokenised real-world assets (RWAs), supporting the firm’s B2B and B2B2C strategic priorities.

The initiative unifies tZERO’s API suite and global partnership network, enabling banks, broker-dealers, and fintech platforms to embed tokenised asset functions directly into their existing environments. Key features include Tokenisation and Issuance APIs, which are now live, alongside Data APIs and white-label partner integrations.

tZERO Connect is built on the company’s SEC- and FINRA-regulated broker-dealer and ATS. Secondary Trading APIs are planned for release in late 2025 or early 2026. The programme also supports a “follow-the-sun” global model, collaborating with partners like Alphaledger, Archax, and Lynq to expand access to compliant tokenised markets.